Middle East: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern market for fresh or chilled salmonoids meat, when its value decreased by -28% to $X. Overall, consumption, however, saw strong growth. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced rapidly in the following year.

Production of Fresh Or Chilled Salmonoids Meat in the Middle East

In value terms, fresh or chilled salmonoids meat production stood at $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in the Middle East

In 2022, after three years of growth, there was significant decline in shipments abroad of fresh or chilled salmonoids meat, when their volume decreased by -17.1% to X tons. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 546%. The volume of export peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, fresh or chilled salmonoids meat exports reduced to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,327% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

The United Arab Emirates (X tons) represented roughly 100% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the fresh or chilled salmonoids meat exports, with a CAGR of +26.3% from 2012 to 2022. The United Arab Emirates (+69 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest fresh or chilled salmonoids meat supplier in the Middle East.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +36.0%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by 19% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2017 an increase of 122%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +7.7% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports in the Middle East

After two years of growth, purchases abroad of fresh or chilled salmonoids meat decreased by -23.2% to X tons in 2022. Over the period under review, imports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 217%. The volume of import peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, fresh or chilled salmonoids meat imports dropped remarkably to $X in 2022. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 289% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted notably in the following year.

Imports by Country

Israel (X tons) and Kuwait (X tons) represented roughly 84% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), committing a 16% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of +51.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Israel ($X), Kuwait ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 99% of total imports.

Kuwait, with a CAGR of +56.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, declining by -6.5% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 245% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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